| The KUIK Morning Market Report for Wednesday, June 12: | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 27 | points | 15,150 | 7:29 AM | ||
| S&P500 | Up | 0.3% | percent | 1,630 | 4.29 | points | |
| Nasdaq Composite | Up | 0.0% | percent | 3,438 | (20.00) | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 3.35 | Annual Yield | ||
| Corelogic reports the percentage of all residential mortgages that are in negative equity, or “underwater” at the end of the first quarter fell to 19.8%, or 9.7 million. That’s down from 21.7% at the end of the fourth quarter of 2012 and from over 25% at the end of 2011. Nevada was the state with the highest percentage of mortgaged properties in negative equity at 45.4%, and Tampa-St. Petersburg-Clearwater, Fla. had the highest percentage of top-25 metropolitan areas at 44.1%. | |||||||
| Tech stocks claimed the high ground in early trading with Hewlett-Packard among the top gainers following comments by Chief Executive Meg Whitman. Speaking on CNBC, Whitman said that H-P has “a lot of heavy lifting ahead,” but is also making progress in its turnaround efforts. H-P shares climbed more than 4%, to $25.26 shortly after the open. Other gains came from chip-maker Rambus, Apple, and Microsoft. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/underwater-mortgage-percentage-falls-below-20-2013-06-12 | |||||||
| http://www.marketwatch.com/story/h-p-gains-lead-early-tech-sector-advance-2013-06-12?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||